PXD: Pioneer Natural Resources Company Market Currents Page 5

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Wednesday, March 21, 2012, 8:36 AM "The idea that inflation is gone forever ... (and) these artificially low rates can last, is silly," says Wilbur Ross, calling long-term Treasurys the greatest bubble. Turning to natural gas, where his big investment in XCO is sucking wind, he says he's buying more. "We like very much to invest in companies during time-limited problems." Comment! [U.S. Economy, Quick Ideas, Energy, Commodities]
Monday, March 12, 2012, 3:05 PM "Forget about $5 natural gas. When can we get back to $3," asks Raymond James after hosting a conference in which the consensus sees only weak prices for the next 12 to 24 months. Prices are off again today, touching a multi-year low as forecasts for unseasonably warm temperatures continue. UNG -2.1%. 1 Comment [Commodities, Energy, On the Move]
Monday, February 6, 2012, 4:50 PM Pioneer Natural Resources (PXD): Q4 EPS of $1.19 beats by $0.17. Revenue of $703.5M (+50.5% Y/Y) beats by $4M. (PR) Comment! [Earnings, Energy]
Monday, February 6, 2012, 12:10 AM Notable earnings after Monday's close: AGNC, AMLN, APC, CSTR, LEG, NCR, PMCS, PXD, SPF, SUN, TMK, UNM, VECO, YUM Comment! [Earnings]
Sunday, February 5, 2012, 5:35 PM Notable earnings after Monday's close: AGNC, AMLN, APC, CSTR, LEG, NCR, PMCS, PXD, SPF, SUN, TMK, UNM, VECO, VMC, YUM 7 Comments [Earnings]
Thursday, February 2, 2012, 3:53 PM Pioneer Natural Resources (PXD +3.8%) added proved reserves totaling 148M barrels of oil equivalent during 2011 from discoveries, extensions, improved recovery and technical revisions of previous estimates. The total equates to replacing over three times its 2011 full-year production of 49M barrels. Comment! [Energy, On the Move]
Monday, January 23, 2012, 8:53 AM Natural gas producers are sharply higher premarket in the wake of Chesapeake's (CHK +5.4%) production cutback and a spike in prices. Quicksilver (KWK +4.9%), EXCO (XCO +4.3%), Range Resources (RRC +2.7%), Cabot (COG +2.9%). 5 Comments [Energy, On the Move]
Tuesday, January 17, 2012, 10:46 AM The continuing decline in natural gas (off 6.9% today) and resultant fall in electricity prices is shelving alternative energy projects from NextEra (NEE), Exelon (EXC), and CMS, but Michael Morris of American Electric Power (AEP) warns about becoming too dependent on gas. "The way to make $4 gas, $8 gas is for everyone to go out and build ... natural-gas plants." 5 Comments [Commodities, On the Move]
Thursday, January 12, 2012, 12:44 PM Natural gas continues to slide, off another 3% today amongst abundant supplies and a mild winter. With pipelines full, Goodrich Petroleum (GDP -6%) is just flaring gas off as it drills for oil. "Nearly all U.S. gas drilling is uneconomic," says Jon Wolff, expecting significant declines in production this year. "The market needs a rest," says CHK CEO Aubrey McClendon. Comment! [Commodities, Energy]
Wednesday, January 11, 2012, 3:57 PM Relentlessly mild winter weather in the Northeast and the shale production boom combine to send natural gas tumbling 7.8% today to $2.77, its lowest price in a decade. Natural gas producers: RRC -6.3%, CHK -3.1%, EQT -5%. 9 Comments [Commodities, On the Move]
Monday, January 9, 2012, 11:30 AM "Bubble" gets thrown around a bit more as prices for U.S. shale assets sky, nearing the peaks from before the financial crisis (when oil was on its way to $200/barrel). Overseas firms, wanting a piece of U.S. action along with the expertise to exploit shale back home, have jumped in with $8B in buys in the past 2 weeks. Comment! [Energy, U.S. Economy]
Friday, December 16, 2011, 2:49 PM Maybe offering a bit of hope for natural gas prices under pressure from unseasonably warm temps, Baker Hughes reports the number of rigs drilling for gas dropping a bit more this week to 818, down from 941 a year ago. The number of rigs drilling for oil continues to climb, now at 1,196 against 756 last year. 1 Comment [Energy]
Monday, December 12, 2011, 6:11 PM Pioneer Natural Resources (PXD) and Pioneer Southwest Energy Partners (PSE) announce a combined secondary offering of 4.4M common units. PXD +1.5%, PSE -2.8% AH. 2 Comments [On the Move]
Tuesday, December 6, 2011, 6:23 AM Norway's $550B sovereign-wealth fund, which has invested $98B in U.S. stocks, is pushing to make it easier to replace directors at six firms over worries about performance and governance. The fund isn't demanding board changes at this point, although it might. The firms are WFC, SPLS, SCHW, PXD, WU and CME. 2 Comments [Financials]
Tuesday, November 8, 2011, 9:05 AM Premarket gainers: MSSR +28%. DYN +20%. YPF +7%. BCRX +9%. NBG +6%. ING +6%. DRYS +6%. SIG +6%. FRO +6%. LYG +5%. RAX +5%. RENN +5%. GTAT +4%. PLCM +4%. NVO +3%. ASML +3%. ATVI +3%. DNDN +3%. AMRN +3%. HFC +3%. JEF +3%. EK +3%.
Losers: TRGT -55%. AMLN -9%. JRCC -7%. ALLT -7%. FOSL -7%. LGCY -5%. TGI -5%. PXD -4%. ETP -4%. INHX -3%. ALU -3%. URBN -3%. AZN -3%. Comment! [On the Move]
Monday, November 7, 2011, 4:50 PM Oil and gas producer Pioneer Natural Resources (PXD) drops 3% AH after announcing it will issue 5.5M shares, along with an overallotment option of 825K shares. The company says it might use the proceeds to fund the expansion of its Wolfcamp Shale drilling efforts, and/or repay borrowings made through its credit facility. Comment! [Energy, On the Move]

PXD Pioneer Natural Resources Company

PXD

Pioneer Natural Resources Company